Tounjian Advisory Partners LLC Takes Position in Honeywell International Inc. (NASDAQ:HON)

Tounjian Advisory Partners LLC purchased a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 15,250 shares of the conglomerate's stock, valued at approximately $3,229,000.

Several other large investors have also recently made changes to their positions in HON. Vanguard Group Inc. raised its position in Honeywell International by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate's stock valued at $13,951,353,000 after purchasing an additional 380,299 shares during the period. Geode Capital Management LLC grew its stake in shares of Honeywell International by 4.4% in the fourth quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate's stock valued at $3,379,568,000 after buying an additional 627,422 shares in the last quarter. Capital World Investors acquired a new stake in shares of Honeywell International in the fourth quarter valued at $1,594,216,000. Bank of New York Mellon Corp lifted its stake in Honeywell International by 10.3% during the 4th quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate's stock worth $1,527,867,000 after acquiring an additional 631,761 shares in the last quarter. Finally, Capital Research Global Investors boosted its holdings in Honeywell International by 5.5% during the 4th quarter. Capital Research Global Investors now owns 6,641,017 shares of the conglomerate's stock valued at $1,500,141,000 after acquiring an additional 346,190 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a research report on Wednesday, May 7th. JPMorgan Chase & Co. increased their target price on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Barclays dropped their price target on shares of Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Finally, Citigroup boosted their target price on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $248.14.

Honeywell International Stock Down 0.7%

Shares of NASDAQ HON traded down $1.65 during midday trading on Monday, hitting $227.13. 2,561,107 shares of the company's stock were exchanged, compared to its average volume of 3,819,125. The firm's fifty day simple moving average is $210.44 and its 200-day simple moving average is $216.08. The company has a market cap of $145.97 billion, a PE ratio of 26.08, a P/E/G ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The company had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.59 billion. During the same quarter last year, the company earned $2.25 earnings per share. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. Research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a $1.13 dividend. The ex-dividend date was Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 1.99%. Honeywell International's dividend payout ratio is currently 51.95%.

Honeywell International Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.